Hillary is 50 years old, married and has six children who attend school. He owns a cattle-fattening business. He gets additional income from his coffee plantation. He works eight hours every day. He started the cattle-fattening business in 2000 with the aim of earning a better living and taking good care of his family's many needs. He sells the animals at a profit after fattening them for a period of six to 12 months. His clients are different people from the neighborhood who buy the animals for slaughter. His dream is to buy plots in the nearby trading center and build rental houses which will help him pay university fees for his children without any difficulty.He would like to use the loan proceeds for buying some calves for fattening. His main challenge is that sometimes animals overstay in the farm and when that happens, he loses money. Hillary is a very hardworking and committed gentleman who respects his loan repayment dates. He appreciates the services of the bank and he acknowledges that it is through its financial support that he is what he is now.
More information about this loan
This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.